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Rbm I’m a adopted Scot .... still working on the canny bit
Granite
WG I’ll have to sit down with you one day so you can explain waves 6 & 7 to me SLOWLY. I having difficulty spotting 5
G’night granny
I sold out everything over 50 luckily I bought in at 29/30/38. Re invested in Tesla as the EV industry seems to be miles ahead in profitability. Will be holding my AML shares as I do think this will turn around. Going to have a glass of lemonade........ never thought investing in a company called lemonade would turn up trumps.
Scenario One. Stroll sees AML as a play, not really emotionally invested, good opportunity to bag a Director's loan car DBX, & pit lane upgrades on the circuit. Cost, negligible, as Rights & buy ins keep investment safe. Downside significant business career derailed, son's racing career torpedoed, lifelong mates done over. For this scenario proceed to ADVFN & join the shorters' party.
Scenario Two. Stroll sees where this has the potential to go. Realisation of a lifetime's dream to trade in his absolute passion. No choice for him but to enter at this point for fear of losing out, refinance, Rights, renegotiate Rights, fundraise, stabilise, & wait for the point in time when this turns a profit. Which it will. I'm in. No turning back. GLTAH. Jtini
Tiger it is very important. He already tweaked the production line so I am sure nothing will go out without the official sign off from the new boss.
So WG what’s your gut on this now, I’m thinking a 46p low might hit but with a strong rebound with good news of DBX. But Q2 looming who knows. At least shorts down to a low must be a good sign in the short term?
CC I look forward to the first cars appearing. I posted earlier, but had no responses, that it's vital to ensure the first cars are thoroghly checked for electrical functions, water leaks, and rattles and squeaks. The last thing we need is negative comments on the first vehicles. I'm hoping Moers will be paying attention to this.
WG - I see you often quote waves over 5, such as wave 6..
But everything I read on Elliot says 5 motive, 3 corrective (ABC).
Have you expanded the theory?
Good day for me today. Drove my Aston GT8 to Newbury and roasted the first batch of beans at my new venture.
Not much news here. DBX will hit the roads this month and reviews should start circulating, this could bring some new buyers.
We will probably have to wait for profits before the next big move.
Sorry mate the best peas went to Farrows. The money has all gone to Tesla which is flying yet again.
Brekkie? You'll get WG thinking again....always a dangerous thing! lol
3300, where's my dinner?
WG, definitely up for that! Would love to meet up and see if you're as ugly as I think you are!! lol
I'll keep a watching brief, but I really need to free up time for a wee project that I'm working on in France. I'm an Aston man, the family is an Aston family - but I'm first and foremost a canny Scot! I know this will come good, but it sure has hell ain't a Millionaire By Monday share. Just taking a step back and taking the right decision, and that is to show patience. Difficult to be patient when you're day trading in it. Hence why I usually keep long holders and traders separate, they both need a different focus.
The goal is to get AML producing annually 5000 DBX and 3500 sportcars - perhaps in 2022 - few hundred million annual profit. This is the multi-year plan Stroll is talking about, and he wants to navigate there. Patience & hard work.
"The block of granite that was an obstacle in the pathway of the weak becomes a stepping-stone in the pathway of the strong." ~ Thomas Carlyle.
Guys, I've made my decision on this, rightly or wrongly. Originally, I was looking to hold an 80% core and day trade 20% in AML. I'm now going to trade 15% elsewhere and leave an 85% core to ride it out as a long hold pension share. I still TOTALLY believe that it will give a great return in 18 months plus. However, it's going to be a volatile beast to trade into consistent profit, hence parking 85% and taking the 15% left into other, more predictable areas. The big thing for me is that it's an emotive share - and those emotions have lead me to spend FAR too much time trying to work out a way of making consistent short term gains. To be frank, it's proving a huge distraction!
So, it's still HOLD, HOLD, HOLD for me.......but I'm taking a smaller amount of day trade money out to look for other opportunities. Gonna put my 85% (of a sizeable chunk) in a bottom drawer and throw away the key for now.....
Revist it every 3 months, not every three minutes!! Thoughts?
**In view of the sharp drop in the share price, the stock could be a bargain at the moment. However, a possible recovery of Aston Martin will probably depend on whether the economy recovers quickly from the coronavirus and the appetite for luxury cars returns.
https://www.finanztrends.info/aston-martin-aktie-ein-super-schnaeppchen/
Aston Martin shares: a super bargain?
By Simon Ruic -2 July 2020
Starting from yesterday's closing price (49.4 British pence), Aston Martin's share price has fallen by 85 (!) percent over the last twelve months - a dramatic fall.
A castling in the management team and a change in strategy associated with it should now bring about a reversal in the trend among the British. To raise capital to finance his turnaround plans, the luxury car manufacturer is now issuing 260 million pounds in new shares. The company is also taking out a loan of 68 million dollars - at an extremely steep interest rate of twelve percent.
This latest round of capital raising is led by new owner Lawrence Stroll. The billionaire also changed names on the board of Aston Martin. Stroll has replaced the previous CEO Andy Palmer with Tobias Moers, the former head of Mercedes' performance department. The CFO is now headed by former Jaguar Land Rover executive Kenneth Gregor. Stroll describes Gregor as "the right CFO for Aston Martin", with whom the company "can reach its full potential".
These new appointments are designed to drive forward Stroll's plan to make Aston Martin profitable again. In the first quarter of this year, Stroll unveiled the carmaker's multi-year plan: "to bring new and exciting products to market to drive demand and build the Aston Martin brand". Should his new team successfully implement this strategy, the price of Aston Martin shares could move out of the slow lane.
What do analysts think?
Of the twelve Financial Times analysts, six rate the share as "Hold", five as "Underperform" and one as "Sell".
In view of the sharp drop in the share price, the stock could be a bargain at the moment. However, a possible recovery of Aston Martin will probably depend on whether the economy recovers quickly from the coronavirus and the appetite for luxury cars returns.
Translated with www.DeepL.com/Translator (free version)
get a war chest ready and waiting just in case there is a crash that will be the time to wade in.
https://www.ig.com/uk/news-and-trade-ideas/is-aston-martin-worth-36p-a-share--200702
Agree WG .. all the evidence pointing to 44 to 45p pre Q2 results crash
Ebb ad Flow out with the old in with the new :-)
Yes Paul, but at least some of those who bought at 50p must be looking to hold long term for a decent return, and who would buy if they thought it isn't going to go above the issue price ? For sure dividends are a long way down the road though. It has gone up to about 52 since but not maintained it, I think nervous holders cutting losses. Only ny opinion.
ok, come back to me on 1st August @da95649.
Because there are 303 million shares issued exactly at 50p. Any notable raise above 50p will undoubtedly see some of these holders looking to sell. Is my logic.